Gammon Infrastructure Projects Ltd has priced its initial public offer at 167 rupees a share, at the lower end of the given price band. At this level, the company, will raise 2.76 billion rupees from the 16.55-million-share offer. The company will use the funds for investment in several projects, repaying debt and for acquisitions.
The listing on the stock exchanges is likely in the first week of April.
Source : GreyMarket Blog
Gammon Infrastructure Projects Ltd fixes IPO price at Rs 167
1:28 PM | Gammon Infrastructure Projects Ltd, IPO with 0 comments »
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